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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 09 FEBRUARY 2018

Soyabean trading range for the day is 3601-3783. Soyabean gained as support seen after SOPA revises 2017-18 soybean estimates downward to 8.35 mln tons. Soybean arrivals in January also slumped 45%, as recent hike in prices may prompt farmers to hoard their produces to fetch higher returns.NCDEX accredited warehouses soyabean stocks dropped by 6842 tonnes to 190942 tonnes. At the Indore spot market in top producer MP, soybean dropped -8 Rupees to 3679 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 09 FEBRUARY 2018

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